Newpark Resources (NYSE:NR) Earns Media Sentiment Rating of 0.14
Media coverage about Newpark Resources (NYSE:NR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newpark Resources earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.7479570192346 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s analysis:
- Newpark Resources, Inc. (NR) Expected to Post Quarterly Sales of $191.64 Million (americanbankingnews.com)
- Newpark Resources, Inc. (NR) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Comparing IRIS International (IRIS) and Newpark Resources (NR) (americanbankingnews.com)
- Newpark Resources, Inc. breached its 50 day moving average in a Bearish Manner : NR-US : August 17, 2017 (finance.yahoo.com)
A number of research firms recently issued reports on NR. BidaskClub lowered Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised Newpark Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Loop Capital reaffirmed a “buy” rating on shares of Newpark Resources in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.63.
Shares of Newpark Resources (NYSE NR) traded up 1.34% during mid-day trading on Friday, reaching $7.55. The company’s stock had a trading volume of 1,006,197 shares. Newpark Resources has a 52 week low of $5.80 and a 52 week high of $8.75. The firm’s market capitalization is $646.34 million. The firm has a 50-day moving average of $7.69 and a 200-day moving average of $7.63.
Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Newpark Resources had a negative net margin of 2.20% and a negative return on equity of 2.92%. The business had revenue of $183 million for the quarter, compared to analysts’ expectations of $159.51 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 58.7% compared to the same quarter last year. Equities research analysts forecast that Newpark Resources will post $0.09 earnings per share for the current fiscal year.
In other news, VP Matthew Lanigan sold 40,771 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $8.46, for a total transaction of $344,922.66. Following the transaction, the vice president now owns 50,000 shares of the company’s stock, valued at $423,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Anderson sold 15,124 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $7.35, for a total transaction of $111,161.40. Following the transaction, the director now directly owns 187,841 shares in the company, valued at approximately $1,380,631.35. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
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Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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